OSI Systems

OSI Systems Supports U.S. Customs and Border Protection for Record Methamphetamine Seizure at a U.S. Port of Entry

Retrieved on: 
Tuesday, March 12, 2024

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that a non-intrusive inspection system from the Company’s Security division was used to detect six and a half tons of methamphetamine in a tractor-trailer truck at the Eagle Pass Port of Entry, the largest such seizure ever at a U.S. port of entry.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that a non-intrusive inspection system from the Company’s Security division was used to detect six and a half tons of methamphetamine in a tractor-trailer truck at the Eagle Pass Port of Entry, the largest such seizure ever at a U.S. port of entry.
  • The scan revealed anomalies in the cargo and CBP officers subsequently discovered the narcotics, which had a street value of $117 million.
  • U.S. CBP has widely deployed Z Portal systems at various U.S. border ports of entry.
  • Rapiscan Systems and AS&E are subsidiaries of OSI Systems, Inc. and are leading global providers of security inspection solutions, equipment and services for aviation, ports, rail, customs and border protection, event security, critical infrastructure, public facilities, and law enforcement customers.

OSI Systems Receives $3 Million Order to Provide Optical Sensors for Advanced Missile Systems

Retrieved on: 
Monday, March 11, 2024

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division has received an order valued at approximately $3 million to supply advanced optical sensors to a leading defense electronics original equipment manufacturer (OEM).

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division has received an order valued at approximately $3 million to supply advanced optical sensors to a leading defense electronics original equipment manufacturer (OEM).
  • These high-precision components are designed for integration into sophisticated missile systems.
  • OSI Systems’ Chairman and Chief Executive Officer, Deepak Chopra, stated, “This collaboration underscores our commitment to excellence and innovation in defense technologies.
  • We are honored to contribute to the enhancement of global security measures with our optical sensor products.”

OSI Systems Receives $16 Million Award to Upgrade Airport Security Checkpoint Lanes

Retrieved on: 
Thursday, March 7, 2024

OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Security division has been awarded a $16 million contract by an international airport to enhance its checkpoint security infrastructure.

Key Points: 
  • OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Security division has been awarded a $16 million contract by an international airport to enhance its checkpoint security infrastructure.
  • This checkpoint lane upgrade includes supplying advanced 920CT screening systems integrated with automated tray return systems (TRS) lanes to streamline security operations.
  • OSI Systems' Chairman and CEO, Deepak Chopra, stated, "This award signifies another milestone in our ongoing commitment to delivering advanced security solutions to this customer.
  • Adding our TRS lanes is expected to enhance throughput further, providing a smoother and more efficient passenger screening process."

OSI Systems Receives $27 Million Award for Explosive Trace Detection Systems

Retrieved on: 
Monday, March 4, 2024

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract for approximately $27 million to provide Itemiser® 5X explosive trace detection (ETD) systems for secondary screening of passengers and carry-on baggage at airport checkpoints along with related consumables to a leading European airport.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract for approximately $27 million to provide Itemiser® 5X explosive trace detection (ETD) systems for secondary screening of passengers and carry-on baggage at airport checkpoints along with related consumables to a leading European airport.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, commented, "We are pleased with this significant award and look forward to delivering over multiple years our advanced technology portable ETD systems that are specifically designed to detect particles of explosives that might be present on carry-on luggage, personal belongings, or even on passengers themselves.”

OSI Systems to Present at Morgan Stanley Technology, Media & Telecom Conference

Retrieved on: 
Friday, March 1, 2024

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.

Key Points: 

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.
To listen to the live webcast of the presentation, please visit the investor relations section of the OSI Systems website.

Security Screening Market worth $13.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024

People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.

Key Points: 
  • People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.
  • The security screening industry in North America is witnessing significant developments amidst rising concerns over illicit fentanyl smuggling and other security threats.
  • Furthermore, the integration of biometric security solutions plays a pivotal role in augmenting the effectiveness of security screening processes.
  • S.p.A. (Italy), Aware Inc. (US), Scanna (UK), and Precise Biometrics (Sweden) are the major players in security screening companies .

Security Screening Market worth $13.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024

People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.

Key Points: 
  • People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.
  • The security screening industry in North America is witnessing significant developments amidst rising concerns over illicit fentanyl smuggling and other security threats.
  • Furthermore, the integration of biometric security solutions plays a pivotal role in augmenting the effectiveness of security screening processes.
  • S.p.A. (Italy), Aware Inc. (US), Scanna (UK), and Precise Biometrics (Sweden) are the major players in security screening companies .

OSI Systems to Present at TD Cowen’s 45th Annual Aerospace & Defense Conference

Retrieved on: 
Tuesday, February 13, 2024

OSI Systems, Inc .

Key Points: 
  • OSI Systems, Inc .
  • (NASDAQ: OSIS), today announced that it will present at the TD Cowen 45th Annual Aerospace & Defense Conference on Wednesday, February 14, 2024, at 10:00 AM ET.
  • To listen to the live web cast of the presentation, please visit the investor relations section of the OSI Systems website.

OSI Systems Reports Fiscal 2024 Second Quarter Financial Results

Retrieved on: 
Thursday, January 25, 2024

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the three and six months ended December 31, 2023.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the three and six months ended December 31, 2023.
  • The Company's book-to-bill ratio was 1.0 for the second quarter of fiscal 2024.
  • The adjusted operating margin expanded to 22.1% in the fiscal 2024 second quarter compared to 14.7% in the same quarter of the prior fiscal year.
  • The financial results calculated in accordance with GAAP and reconciliations from those financial results should be carefully evaluated.

OSI Systems Announces Second Quarter Conference Call

Retrieved on: 
Wednesday, January 17, 2024

OSI Systems, Inc. (Nasdaq: OSIS) today announced that it will hold its quarterly conference call on Thursday, January 25, 2024 at 9:00am PT to discuss its results for the quarter ended December 31, 2023.

Key Points: 
  • OSI Systems, Inc. (Nasdaq: OSIS) today announced that it will hold its quarterly conference call on Thursday, January 25, 2024 at 9:00am PT to discuss its results for the quarter ended December 31, 2023.
  • A replay of the conference call will be available from 12:00pm PT on January 25, 2024 until February 8, 2024.
  • The replay may be accessed by visiting the investor relations section at www.osi-systems.com .